Target: ₹ 690

CMP: ₹ 574.70

Minda corporation is one of India’s leading manufacturers of automotive components, offering a divese portfolio that incloids Electronic & Mechanical Security Systems, Die CASTING, KEY SOLSTIONS, Telematics, ITS & IOT, Wiring Harnesses, SRCs, Components, Instrument Clusters, Sensors, and Interior Plastics.

Ashok Minda (Chairman & GCEO): Emphahsized Minda Corp’s Transition Towards by taking a “System Solutions Provider” with a Strong Focus on Electrification, Premiumsation, and Exports. Reiterated the 2030 Vision of Achieving ₹ 17,500 Crore Revenue (About 3.5x growth), with deleveragging and sustainable mobileity at the core.

D. SURESH (Group CTO): Highlighted R&D Priorities, Including The Shift from Mechhatronics to Electronics/Software, Investments in Adas, Cyberasecurity, Cyberasecurity, Softwa-Defined VECIRED (Sdvs), and ev electronics. Stressed the importance of about 4 per cent R&D Spend, 310+ Patents, and New-Sen Product Launches.

Minda corporation is evolving from a conventional auto component manufacturer into a high-Value, Technology-Driven Mobility Solutions Provider. Given the Strong Growth Trajectory and Healthy Balance Sheet, The Stock is Valied at A 36X Multiple on Fy28E EPS (Unchanged), Arriving at a Target Price of ₹ 690/Share (vs. ₹ 600 EarLier).

The outlook remains positive, supported by robust new Order Wins, A Strong Order Book, and Management’s Confidence in Outperforming Industry Through Through Organic and Inorders.

Published on September 25, 2025